WGU D102 FINANCIAL ACCOUNTING EXAM 2024.2025 WITH GUARANTEED ACCURATE ANSWERS
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Course
WGU D102 Financial Accounting
Institution
WGU D102 Financial Accounting
What information is contained in a balance sheet? - ACCURATE ANSWERS Report of a company's financial position as of a point in time.
What is an owners' equity item?
Accounts receivable
Loans payable
Capital stock
Cash - ACCURATE ANSWERS Capital Stock
A company ended July with assets of ...
WGU D102 FINANCIAL ACCOUNTING
EXAM 2024.2025
WGU D102 FINANCIAL ACCOUNTING EXAM 2024.2025 WITH GUARANTEED
ACCURATE ANSWERS
What information is contained in a balance sheet? - ACCURATE
ANSWERS✔✔ Report of a company's financial position as of a point in
time.
What is an owners' equity item?
Accounts receivable
Loans payable
Capital stock
Cash - ACCURATE ANSWERS✔✔ Capital Stock
, A company ended July with assets of $150,000 and owner's equity of
$60,000.
What is the amount of liabilities at the end of July? - ACCURATE
ANSWERS✔✔ $90,000
What is reported in a multiple-step income statement that is not reported
in a single-step income statement? - ACCURATE ANSWERS✔✔ Gross
Profit
How is gross profit computed? - ACCURATE ANSWERS✔✔ Sales
minus cost of goods sold.
The following are some accounts from a company's financial statements:
(accounts receivable, cost of goods sold, cash, retained earnings, sales,
inventory, income tax expense, accounts payable)
Which set is a list of all of the items that are used in computing this
company's net income? - ACCURATE ANSWERS✔✔ Sales, cost of
goods sold, and income tax expense.
What cash flow category contains activities whereby cash is obtained
from or repaid to owners or creditors? - ACCURATE ANSWERS✔✔
Financing
Here are some financial statement items for the year for a company.
Cash received from customers
Cash received from the sale of land
Cash paid for dividends
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